Pinnacle Wealth Management Advisory Group LLC Cuts Holdings in McDonald’s Co. (NYSE:MCD)

Pinnacle Wealth Management Advisory Group LLC decreased its position in McDonald’s Co. (NYSE:MCD) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,882 shares of the fast-food giant’s stock after selling 147 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in McDonald’s were worth $4,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCD. Legacy Investment Solutions LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $25,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of McDonald’s during the fourth quarter worth about $27,000. Collier Financial purchased a new stake in shares of McDonald’s during the fourth quarter worth about $29,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $31,000. Finally, Hara Capital LLC purchased a new stake in shares of McDonald’s during the third quarter worth about $44,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Insider Transactions at McDonald’s

In related news, insider Joseph M. Erlinger sold 1,099 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $292.50, for a total transaction of $321,457.50. Following the sale, the insider now directly owns 9,286 shares of the company’s stock, valued at $2,716,155. This represents a 10.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher J. Kempczinski sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $310.05, for a total transaction of $3,255,525.00. Following the sale, the chief executive officer now directly owns 32,756 shares in the company, valued at approximately $10,155,997.80. The trade was a 24.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,906 shares of company stock worth $5,406,382. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCD has been the subject of a number of research reports. TD Securities reissued a “hold” rating and set a $300.00 target price on shares of McDonald’s in a research note on Monday, February 10th. Truist Financial cut their target price on shares of McDonald’s from $342.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of McDonald’s from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen restated a “hold” rating and set a $300.00 price target on shares of McDonald’s in a research report on Tuesday, October 29th. Finally, Robert W. Baird boosted their price target on shares of McDonald’s from $305.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, McDonald’s has a consensus rating of “Moderate Buy” and a consensus price target of $323.61.

McDonald’s Stock Performance

Shares of MCD stock opened at $308.59 on Friday. The firm’s 50 day moving average price is $291.98 and its 200-day moving average price is $292.53. McDonald’s Co. has a one year low of $243.53 and a one year high of $317.90. The firm has a market cap of $221.14 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.08 and a beta of 0.74.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, February 10th. The fast-food giant reported $2.83 EPS for the quarter, hitting the consensus estimate of $2.83. McDonald’s had a net margin of 31.79% and a negative return on equity of 175.42%. As a group, research analysts predict that McDonald’s Co. will post 11.73 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $1.77 dividend. The ex-dividend date is Monday, March 3rd. This represents a $7.08 annualized dividend and a dividend yield of 2.29%. McDonald’s’s dividend payout ratio is currently 62.16%.

McDonald’s Company Profile

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.